BEIJING — (BUSINESS WIRE) — July 13, 2015 —
GA Innovation China (“GAIC”), a joint venture between GA Telesis and Air
China, has announced the import and delivery of the first-ever aircraft
from overseas for teardown and parts redistribution in mainland China.
Tianjin HAITE High Tech Co., LTD. has been contracted by GAIC for
disassembly operations on the Boeing 767-300. Upon completion, GAIC will
provide aftermarket component support for the Chinese and Asian markets.
This acquisition marks another historic milestone for GAIC, following
the company’s completion of the first-ever aircraft disassembly and
parts redistribution program in China in 2013.

The new teardown project supports GAIC’s initiative to introduce foreign
aircraft for disassembly to the Chinese market, in order to help
airlines reduce maintenance and operating costs for their aircraft. Yang
Zhang, Managing Director of GA Innovation China, commented on this
groundbreaking move by GAIC: “We are pleased to announce yet another
innovative solution to maximize value and cut costs for airlines and
customers in the Asia-Pacific region. We are proud to be the first
company to support a new and emerging market sector, and look forward to
the opportunities for growth it will provide.”

About GAIC

GA Innovation China is a subsidiary of Air China LTD. and GA Telesis,
LLC. GA Innovation China is China’s first integrated asset management
company that maximizes aircraft and jet engine values by using asset
disassembly strategies. Founded in 2013 by its two market leading
shareholders, GAIC is fast becoming a powerful resource for airlines and
financial institutions in China.

About GA Telesis

GA Telesis is a worldwide leader in providing support services to the
commercial and defense aerospace industries. With financial,
supply-chain, component and heavy jet engine MRO businesses spanning the
globe, GA Telesis is recognized as a pioneering leader in
solutions-based services in its sector. As an innovator, GA Telesis is
one of the few independent companies in the world capable of providing a
total-support-solution to their customers from their front door with
several full integrated operations throughout the North America, Europe
and Asia. GA Telesis also provides leasing and asset management services
and maintains an extensive portfolio of leased assets exceeding $1
billion in value.